Gabelli Funds LLC Sells 9,000 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Gabelli Funds LLC decreased its holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 52.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,000 shares of the construction company's stock after selling 9,000 shares during the period. Gabelli Funds LLC owned 0.06% of Willdan Group worth $305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Willdan Group by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company's stock valued at $28,643,000 after acquiring an additional 50,262 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Willdan Group during the 3rd quarter valued at $15,608,000. Summit Creek Advisors LLC increased its holdings in shares of Willdan Group by 1.7% in the fourth quarter. Summit Creek Advisors LLC now owns 365,153 shares of the construction company's stock worth $13,909,000 after purchasing an additional 6,119 shares during the period. Geode Capital Management LLC raised its position in shares of Willdan Group by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 296,398 shares of the construction company's stock worth $11,293,000 after buying an additional 1,601 shares in the last quarter. Finally, State Street Corp grew its position in Willdan Group by 2.6% during the third quarter. State Street Corp now owns 240,265 shares of the construction company's stock worth $9,839,000 after buying an additional 6,178 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

Willdan Group Price Performance

WLDN stock traded up $0.07 during mid-day trading on Friday, hitting $38.29. 29,648 shares of the stock were exchanged, compared to its average volume of 131,958. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market capitalization of $551.61 million, a price-to-earnings ratio of 23.49 and a beta of 1.12. The business has a fifty day moving average price of $37.90 and a 200 day moving average price of $39.69. Willdan Group, Inc. has a 12 month low of $26.79 and a 12 month high of $50.00.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wedbush upgraded Willdan Group to a "strong-buy" rating in a research report on Monday, March 10th. StockNews.com cut shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th.

Insiders Place Their Bets

In other news, Director Mohammad Shahidehpour sold 2,273 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total transaction of $89,101.60. Following the transaction, the director now directly owns 12,767 shares of the company's stock, valued at approximately $500,466.40. This trade represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.80% of the stock is owned by insiders.

Willdan Group Profile

Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.